What do you do when the CEO of your company pulls you aside and says “You’re not getting paid enough, we want to give you a raise, how much do you want?” Holy shit balls! Is this for real? Am I being pranked? This has got to be a trick question, right? [Read more…]
For 2017 I set a financial goal to cut food expenses by 53% by purchasing more groceries, cooking at home and eating out less often, especially for lunches. By cooking larger quantities of food each night I should have enough leftovers for lunch the next day. At least once a month I will post a list of recipes with the intended amount of servings I will make for a week along with a list all of the groceries that were purchased and the prices paid for the ingredients. I hope these examples motivate you all to eat healthier and challenge yourself to reduce your own food expenses as well. [Read more…]
When it comes to setting a budget, food expenses are very unique, as the amount we spend to fuel our bodies can vary drastically amongst households depending on the types of food we choose to consume, where we choose to purchase our food from, where we live, and what produce is currently in season in our region. I recently wrote about my financial goals for 2017, one of which was to reduce our food expenses by at least 53%. This is going to be my biggest challenge for 2017. In 2016 I became too comfortable with a higher income and more money in the back. I became lazy when it came to preparing lunches at home the night before, and I indulged in more high-end restaurants, which were unnecessary. The irony is that I had intended to reduce our food expenses by subscribing to a weekly meal subscription service and cook dinner at home more often, but in reality, my expenses more than doubled. [Read more…]
December is one of my favorite times of year for personal finances. As a big data analysis nerd, I like to review my spending habits and saving achievements from the past year. I then look for opportunities to refine my budget and seek out bigger investments. If you want to advance in life you need to continuously develop challenging goals for yourself. Goals help us focus our attention and provide direction for long term success. When we challenge ourselves, we learn to push our limits far beyond what we previously believed to be impossible and help us take control of our life’s journey. [Read more…]
I try to utilize as many strategies as possible to hide money from myself and save up large sums for big investment opportunities which will make a significant amount of passive income. As an employee, one tool that has worked wonders for my aggressive savings strategy is the Employee Withholding Allowance Certificate, known as the W-4. I have been successful in putting away thousands of dollars each year into savings, which played a huge role in paying off $30,000 of student loans in three years.